Investing.com -- Honeywell's spinoff Quantinuum plans to raise up to $1.05 billion through a U.S. initial public offering that would value the quantum computing company at up to $12.7 billion, the firm announced on Tuesday.
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JPMorgan Chase, Bank of America, Citi and Goldman Sachs, additionally, have “adequately addressed” shortcomings found in the banks’ previous emergency wind-down plans, the agencies said Friday.
By Bharath Rajeswaran and Vivek Kumar M May 26 (Reuters) - India's position as the fifth-largest global market by capitalisation is under threat as Taiwan closes in on the South Asian nation's spot,
U.S. stocks looked set to test all-time highs again Tuesday, with the tech-led leading early gainers, as investors bet the war in Iran was nearing an interim peace agreement that could reopen the Strait of Hormuz and unleash energy markets ahead of the summer driving demand expected in domestic markets. Bond markets, however, remained reluctant to fully commit to the new peace talks, and yields were holding north of key levels ahead of a key set of growth and inflation figures later in the week. Talks between Washington and Tehran, however, have been punctuated by a fresh round of attacks by U.S. troops on targets in southern Iran as well as claims from Iran’s Islamic Revolutionary Guard Corps on Tuesday that it fired on a U.S. fighter jet that entered the country’s airspace.
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(Bloomberg) -- Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., is seeking to raise $1.05 billion in its US initial public offering, capitalizing on investor enthusiasm for the technology. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inc
Honeywell's Quantinuum is targeting a valuation of up to $12.7 billion in its U.S. initial public offering, it said on Tuesday, as it looks to capitalize on heightened investor attention around quantum computing. It had raised funds at a valuation of $10 billion in its latest funding round. Quantinuum, formed in 2021 after a separation from Honeywell and merger with Cambridge Quantum, is chaired by the industrial giant's CEO, Vimal Kapur, and led by Intel veteran Rajeeb Hazra.
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In a newly created role, Cindy Olsen will help oversee the beleaguered chain's turnaround strategy after it posted the worst sales decline since going public.
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Shipments of foreign-branded mobile phones in China for April, including Apple's iPhones, were up 1.8% from the same month last year, Reuters calculations based on data released by a government-affiliated research firm on Tuesday showed. The data from the China Academy of Information and Communications Technology showed shipments of foreign-branded phones within China were at 3.59 million units in April. Overall phone shipments in China last month were up 2.8% year-on-year to 25.73 million units, according to the data.
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A Samsung Electronics union representing the conglomerate's consumer electronics workers said on Tuesday it has asked a South Korean court to block a vote on a pay deal that primarily benefits their colleagues in the company's chip divisions. The government-mediated agreement reached last week, which averted an 18-day strike by 48,000 workers, provides huge bonuses for workers in Samsung's memory chip division, which has seen profits soar amid the AI boom. Voting by unionised workers began on Friday and is due to conclude on Wednesday morning.
By Heekyong Yang and Heejin Kim SEOUL, May 26 (Reuters) - A Samsung Electronics union representing the conglomerate's consumer electronics workers said on Tuesday it has asked a South Korean court to